Chinese Fintech Unicorn Tiger Broker Seeks US$ 91 Million in IPO

Tiger Broker who recently joined the illustrious list of chinese fintech unicorns late 2018 has announced its plans to raise up to US$ 91 Million an IPO on NASDAQ , according to prospectus filed with US Securities and Exchange Commission.

Founded in 2014, Tiger Brokers is an online brokerage that allows Chinese investors at home and abroad, to trade stocks in the US, Hong Kong and mainland China markets.

It’s backed by the like of smartphone manufacturer Xiaomi who owns 14.4% of UP Fintech which runs the platform and American investor Jim Rogers.

The company first announced its intention to plan for an IPO in October 2018 according to a Bloomberg report.

Hong Kong is expected to see a boost in fintech activity after a relatively disappointing year in 2018 as the region saw a sharp dip in the total value of The post A Snapshot of Fintech in Hong Kong in 2019 appeared first on Fintech Hong Kong.